By Fred Pals
April 1 (Bloomberg) — Royal Dutch Shell Plc, Europes largest oil company, wants to sell most of its downstream operations in 21 African countries, cutting back further in refining and marketing.
While a number of options are being considered, the preferred outcome is the sale of most businesses in scope as going concerns, the company said on its Web site today.
The Hague-based Shell is reviewing 15 percent of its refining capacity and is selling other retail assets in Latin America as well, putting a total of 35 percent of its current retail markets under review.
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